Banknifty setup for 05/01/2022

٤ يناير ٢٠٢٢

In our previous analysis we suggested to buy above 36500.
Today banknifty made 36887 high.

Today banknifty under performed and vlosed below 36900.

Trading setup

Buy above 37050
Target 35430
Sl 36950

Above 37000 short covering will trigger and we can see a huge rally again.

Trend is bullish.

٥ يناير ٢٠٢٢

ملاحظة

Banknifty met target 37430. made high 37450